Jute industry eyes June 3 ECJ meet for relief amid supply crunch and soaring prices

The jute industry anticipates the Expert Committee on Jute (ECJ) meeting on June 3, addressing concerns about high raw jute prices and delayed crop arrivals. Industry sources claim tight supplies due to hoarding, despite official estimates suggesting adequate availability. Mills face operational strain, seeking interventions like buffer stock release and MSP enforcement to stabilize the market.